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Gregorich Incorporated makes a single product-a critical part used in commercial airline seats. The company...

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Accounting

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Gregorich Incorporated makes a single product-a critical part used in commercial airline seats. The company has a standard cost system in which it applies overhead to this product ba on the standard machine-hours allowed for the actual output of the period. Data concerning the most recent year appear below: The fixed overhead budget variance is: $62,070U$20,000U$62,070F$20,000F

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